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GC Asia
Philippines wants investment grade rating by end of Aquino’s presidency in 2017
The Republic of the Philippines wants to become investment grade within the next five years, and plans to cut its reliance on offshore debt markets for funding, said Cesar Purisima, financial secretary, this week.
The country has targeted 2017 for the upgrade, EuroWeekAsia’s sister publication Asiamoney reported, earlier this week. It has chosen this date because it is when president Benigno "Noynoy" Aquino’s ends his term in office.Aquino, whose father and mother were both former presidents of the Philippines, is not allowed
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Latest news from Emerging Markets
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China markets round-up: Local governments asked to recapitalise smaller banks, Bond Connect celebrates three-year anniversary, Luckin fails to ouster chairman
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Further Reading
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People & Markets
China markets round-up: Local governments asked to recapitalise smaller banks, Bond Connect celebrates three-year anniversary, Luckin fails to ouster chairman
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Leveraged/non-investment grade
Country Garden launches $1.5bn refi
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Market News/Regulation
Luckin Coffee chairman survives ouster vote
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Regulation & Policy
China policy round-up: Sino-US relationship worsens, Beijing commits to maintaining supply chains, India bans WeChat
